Essentra (ESNT)

Sector:

Support

Index:

FTSE 250

414.00p
   
  • Change Today:
    -2.20p
  • 52 Week High: 442.00
  • 52 Week Low: 325.40
  • Currency: UK Pounds
  • Shares Issued: 263.18m
  • Volume: 9,539
  • Market Cap: £1,089.56m
  • Beta: 1.09

Tuesday newspaper share tips: Fidelity China Special Situations, Essentra

By Alexander Bueso

Date: Tuesday 22 Nov 2016

LONDON (ShareCast) - (ShareCast News) - Fidelity China Special Situations rode the wave of Chinese consumption growth higher this year, vindicating the original strategy put in place by Anthony Bolton and is now a buy, according to The Times´s Tempus.
Unfortunately, success required that investors remain patient, with the 80,000 small investors who followed Bolton into the Middle Kingdom in 2010 suffering a rocky first couple of years.

Bolton´s successor, Dale Nicholls, continued to invest in the likes of Alibaba, but it is smaller stocks where he has done especially well, the tipster explained.

Among the companies targeted by FCSS are BMW dealerships to private education providers, but all focused on the Asian giant´s burgeoning middle class.

Nicholls has also taken on some "meaty conviction positions", disregarding banks completely and even short-selling some property firms, Tempus said.

As ever, Capitalism in a one-party system is a contradiction, but FCSS is now trading at a 15% discount to its net assets, versus the 10% premium they sported in the days gone by of Bolton.

"Buy. WHY? Gives actively managed exposure to world's second biggest economy at a hefty discount," Tempus said.


Essentra´s latest profit warning can be explained in part by factors largely out of management´s control, but the firm´s multiple self-inflicted wounds means the shares are best avoided.

Among said factors are Beijing´s clampdown on smoking and the drop in the oil price, which hurt the firm´s pipe protection technology arm.

However, Essentra has nobody but itself to blame for the problems integrating the specialist packaging business it picked up from US-baed Clondalkin Group a couple of years ago.

"Avoid," Tempus concluded.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Essentra Market Data

Currency UK Pounds
Share Price 414.00p
Change Today -2.20p
% Change -0.53 %
52 Week High 442.00
52 Week Low 325.40
Volume 9,539
Shares Issued 263.18m
Market Cap £1,089.56m
Beta 1.09

Essentra Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
60.83% below the market average60.83% below the market average60.83% below the market average60.83% below the market average60.83% below the market average
48.76% below the sector average48.76% below the sector average48.76% below the sector average48.76% below the sector average48.76% below the sector average
Price Trend
17.64% above the market average17.64% above the market average17.64% above the market average17.64% above the market average17.64% above the market average
12.70% above the sector average12.70% above the sector average12.70% above the sector average12.70% above the sector average12.70% above the sector average
Income
56.06% above the market average56.06% above the market average56.06% above the market average56.06% above the market average56.06% above the market average
51.16% above the sector average51.16% above the sector average51.16% above the sector average51.16% above the sector average51.16% above the sector average
Growth
68.17% below the market average68.17% below the market average68.17% below the market average68.17% below the market average68.17% below the market average
76.07% below the sector average76.07% below the sector average76.07% below the sector average76.07% below the sector average76.07% below the sector average

What The Brokers Say

Strong Buy 4
Buy 0
Neutral 2
Sell 0
Strong Sell 0
Total 6
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Essentra Dividends

  Latest Previous
  Interim Final
Ex-Div 26-Sep-19 25-Apr-19
Paid 30-Oct-19 03-Jun-19
Amount 6.30p 14.40p

Trades for 20-Nov-2019

Time Volume / Share Price
09:49 31 @ 414.00p
09:48 800 @ 414.40p
09:48 1,019 @ 414.60p
09:48 1,093 @ 414.60p
09:48 329 @ 414.00p

Essentra Key Personnel

Chair Paul J Lester
CFO Lily Liu

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